Inseego Corp. reported Q4 net revenue of $86.1 million, GAAP operating loss of $8.6 million, GAAP net loss of $12.7 million, GAAP net loss of $0.14 per share, adjusted EBITDA of $7.0 million, and non-GAAP net loss of $0.07 per share. Year-end cash and cash equivalents were $40.0 million.
Q4 2020 net revenue was $86.1 million, up 64.5% year-over-year.
Year-end cash balance of $40.0 million with zero bank debt.
Launched new 5G solutions in multiple regions including North America, Europe, the Middle East, and Japan.
Increased Inseego Manage cloud subscriptions to over 3.5 million subscriptions.
In 2021, Inseego is focused on bringing new 5G solutions to carrier customers globally, expanding into the enterprise market and driving growth of their cloud SaaS business.
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